Structural Regulation

MAS Issues New Compliance Toolkits for Fund Managers, CMS Licensees

15/03/2022

The compliance toolkits will provide regulated entities with a simple reference on the common applications, forms and submission requirements.

Structural Regulation

Hong Kong IA Relaxes Rules on Online Sale of Insurance

15/03/2022

ILAS (investment-linked assurance schemes) can now also be distributed using non-FTF methods, with a fast track authorisation process.

Emerging Prudential Risks

PBOC Outlines Achievements to Resolve Financial Risks

14/03/2022

The PBOC cited as examples the measures taken in relation to TMRW Group, Anbang, HNA Group, Baoshang Bank, Bank of Jinzhou and Hengfeng Bank, among others.

Cryptocurrency

Thailand to Offer Tax Exemptions on Crypto Trades

14/03/2022

Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.

Structural Regulation

Mainland Investment Banks Barred from Sponsoring HK SPACs

14/03/2022

Mainland investment banks cannot act as SPAC promoters in Hong Kong, but commercial bank-affiliated institutions can.

Market Abuse

SEBI Seizes Records from Market Manipulators in 4 States

14/03/2022

Individuals and entities were operating Telegram channels to encourage investors to deal in listed stocks, thereby creating “artificial volume and price rise”.

Trading & Investment

Bangladesh Adjusts Circuit Breaker to Prevent Stock Market Losses

14/03/2022

Trading to be halted if a listed company loses 2% in value. BSEC also urging banks to make fresh investments in the stock market.

PEPs & Sanctions

G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes

13/03/2022

US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.

PEPs & Sanctions

Japan Crypto Industry Set to Adopt Travel Rule

13/03/2022

The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.